The Canadian Press - ONLINE EDITION

MTY Food Group to buy quick service food and coffee outlets for $14.8M

  • Print

MONTREAL - MTY Food Group Inc. (TSX:MTY) has signed an agreement to buy the group of companies that owns and operates the Cafe Depot, Sushi Man, Muffin Plus and Fabrika chains for $14.8 million.

The fast food franchise company says when the deal closes by Oct. 15, it is expected to include 102 stores, including 90 franchise-owned locations and 12 corporate locations.

All of the stores except one are in Quebec.

During the 2013, the locations being acquired generated approximately $42 million in sales.

MTY Food operates more than two dozen fast food banners, including Thai Express, Sushi Shop, Vanellis, Country Style and Mr. Souvlaki.

As a result of the deal, MTY will also acquire two buildings, one in Montreal and the other in nearby Laval that houses a Cafe Depot restaurant.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Trucks power through flooded underpass at Main St and Higgins

View more like this

Photo Store Gallery

  • A mother goose has chosen a rather busy spot to nest her eggs- in the parking lot of St Vital Centre on a boulevard. Countless cars buzz by and people have begun to bring it food.-Goose Challenge Day 06 - May 08, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • Two baby tigers were unveiled at the Assiniboine Park Zoo this morning, October 3rd, 2011. (TREVOR HAGAN/WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

What do you think of Prime Minister Stephen Harper’s comment that Tina Fontaine’s slaying was a crime, and not part of a larger sociological problem?

View Results

View Related Story

Ads by Google